Pearler Review: Why we’ve moved to the new kid on the block ‘Pearler’

Really excited to finally be sharing this news with you. We joined Pearler last year, however we delayed investing until they had joint accounts available. We are now all set up and I’m looking forward to sharing my experience to date so far.

What is Pearler?

Pearler is an investment platform founded by 3 friends in 2018 who had the desire to create an investment platform that made it easy for Australians to invest in shares and ETFs. The platform aims to decrease the stress of investing, and empower Australians to improve their financial literacy. To find out more on the Pearler founders click here.

Is Pearler CHESS Sponsored?

100% yes !!!!!! Pearler is a CHESS Sponsored brokerage platform which means that you own your investments directly.

Are my investments safe given that Pearler is a relatively new start up company?

Pearler may be a start up, but your investments are as safe as any investments you would buy on other plaforms such as Commsec, SelfWealth or any other big online broker. Pearler have written a great article which details why your investments are safe with them, and I encourage you to read it.

What are the key features of Pearler that makes it stand out in comparison to other brokerage platforms?

Click on the link above to find out more on the Auto Investing function within Pearler, and how to get the best out of this functionailty.

Although we are not using this feature ourselves as our ETF’s aren’t included in the list of brokerage free ETF’s I think this is a great idea. Click on the link above to find out more on what ETF’s are included.

Pearler is a lower cost brokerage option in comparison to many online brokers out there. I was quite impressed by the price in comparison to my broker, and considering the addition features I receive. Click on the link above for current pricing.

Brokerage Free ETFsAll Trades (Per Trade Transaction)
$0$9.50
Pearler Brokerage Pricing as at 20th July 2021

Click on the link above to see the FI Resources that Pearler has available to use. This includes 3 calculators including one which is aptly named Financial Freedom Calculator. There are also a number of awesome and informative resources via the Simplifi section of Pearler. Pearler have also published the stories of others on their Financial Independence in their own FREE for download AussieFI eBook. I strongly encourage you to check out their resources even if you don’t end up investing with Pearler.

I really love the community feel of Pearler which allows you to follow other investors and see what they are up to. Click on the link above to follow me and see my portfolio (Note: Remember to do your own research before buying ETFs/Shares that others have as my circumstances are likely to be different to you). This community feature is something that is nothing like what other online brokers I’ve seen offer. When you join up with Pearler you can update your own profile (optional), follow others, and track your progress to your financial independence goals.

Our Profile Page on Pearler, feel free to follow and be my first follower 🙂

How do I set up an account?

Signing up with Pearler is so easy simply head on over to their online site (click here for link). The online sign up process for me took less than 10 minutes (and we did a joint application). The user interface is really simple and clean. Once you have completed your online sign up you will have access to your Pearler account, however you will have to wait for email confirmation before you can start trading (this normally takes a couple of days).

I wish Pearler was around when I started investing. When we started investing we chose to invest through our bank (which is what we felt comfortable with at the time). The experience we had with applying for an online share trade account our first time was not easy or simple at all. We submitted our applications on the clunky online portal (which took ages), and then had to come into the branch to submit further paperwork. All up it took about a month to get it all sorted.

Why did we move to Pearler?

  • Automated Investing

The ability to auto invest was 100% the main reason we made the move to Pearler. As we’ve progressed and refined our financial plan towards financial independence we’ve found that automation has been a key foundation for building our own portfolio to date. Prior to Pearler we had an automated transfer of funds each payday to our share trade account, however we still had to pull the trigger and invest the funds ourselves. This may not seem like a bad thing, but often I’ll admit I would delay investing for the ‘perfect’ day (eg. I tried to time the market sometimes). Auto investing takes the decision out of when to invest, and promotes dollar cost investing. Time in the market beats timing the market any day.

  • Save money on brokerage costs

Although our ETF’s aren’t on the brokerage free list we are saving $12.45 each month by moving over to Pearler. This doesn’t sound like a lot, but if we continue investing over the next 31 years that equates to just over $17,000 !!!!! (Assuming we invest the brokerage savings and get a return of 7.5%).

  • Not just a number

With the community features, helpful investing articles, and attentive customer help I have never just felt like a number with Pearler. I feel that the relationship is more than just customer and business, its a relationship where Pearler want our family to actually reach our investing goals.

Feel free to drop a comment below with a link to your Pearler account I would love to follow you.

Note: Please note that the links to Pearler are affiliate links that will result in you getting one free trade if you sign up, and I receive a small monetary benefit as a result. The benefit I receive is at no cost to you, and it helps me pay for the running of this website.

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